Spanky |
09-20-2005 01:09 AM |
Tax the Rich: Why not.
Quote:
Originally posted by Captain
I think this is the key to much of the economic history of the country and our phenomenal growth. We have relatively well off working people, and often have had a lot of decentralized capital. Thanks to the frontier, the distribution of land in the US in the 19th century was amazingly democratic compared to the rest of the world. To be able to do something like that today!
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I agree with but I also think it is that so many immigrants make it big here (like Carnegie) that our economy attracts the best entrepenerus from around the planet. Other countries drive them out and we suck them in.
What I don't get is the obsession in my party of some of the people to protect wealthy tax payers. It is bizarre. And it is not the wealthy country club Republicans that are obsessed with tax cuts for the rich, it is more of the middle class Republicans. It is like it is some moral crusade or something. The point behind low taxes is to stimulate the economy so the rising tide lifts all boats. It is not to stop the government from "unfairly taxing" the rich.
It is like free trade an capitalism. We don't have them to help a few get rich, it is because free trade and capitalism, when instituted properly, benefits every strata of society.
Tax policy should be engineered so that growth can be optimized. If you can get more tax money out of the rich while you are doing that, that is the best of all worlds. Taxes are a necessary evil. It sucks that we have to tax rich people. But it sucks even more that we have to tax poor people.
The point is to increase growth while taxing the poor people as little as possible.
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